NBG selects DoValue-led consortium as preferred bidder

DoValue revealed that a consortium of the financial company, Bain Capital and Fortress has been chosen by National Bank of Greece (NBG) as the preferred bidder in relation to Project Frontier for a short period of talks.

NBG, Greece’s second-largest lender by assets, is looking to offload a portfolio of soured loans known as Project Frontier.

Earlier, NBG said it was in exclusive talks with the consortium for the sale of non-performing credit.

Original Story: Reuters| Reuters Staff 
Photo: Photo by Michalis Famelis / Wikimedia Commons
Edition: Prime Yield